# Weather hinders record South American exports

> Excessive rain in southern Brazil and dryness in central and northern areas are slowing soybean and first-crop corn planting for 2023/24. Southern Brazil recorded its third-wettest period since 1979 from October 1 to November 26, and flooding is causing logistics problems for record agricultural exports. A strong El Niño could persist into 2024.

- Date: 2023-11-28 · published 2023-11-28T12:00:00.000Z
- Category: weather · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/33102-weather-hinders-record-south-american-exports
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Planting delays and possible yield losses in Brazil tighten the outlook for soybeans and corn while logistics strain could slow export flows. Both factors support prices for South American supply.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-01-19 | [GRAIN MARKETS: Soybeans step higher on South American weather](https://feedsoft.ai/events/12099-grain-markets-soybeans-step-higher-on-south-american-weather.md) | +2.0% | +5.3% |
| SOY | 2021-02-22 | [Dry weather concerns extend from South America into North America](https://feedsoft.ai/events/48467-dry-weather-concerns-extend-from-south-america-into-north-america.md) | +2.0% | +2.8% |
| SOY | 2021-03-16 | [Weather woes persist for South American row crops - Grain Central](https://feedsoft.ai/events/47964-weather-woes-persist-for-south-american-row-crops-grain-central.md) | -0.1% | -2.1% |
| SOY | 2016-04-19 | [South America weather, politics push soybean prices higher \| Farm Progress](https://feedsoft.ai/events/10298-south-america-weather-politics-push-soybean-prices-higher-farm-progress.md) | +4.8% | +11.6% |
| SOY | 2020-09-30 | [Grain Belt & South America weather update - McKeany-Flavell](https://feedsoft.ai/events/50961-grain-belt-and-south-america-weather-update-mckeany-flavell.md) | +5.1% | +9.0% |
| CORN | 2021-02-22 | [Dry weather concerns extend from South America into North America](https://feedsoft.ai/events/48467-dry-weather-concerns-extend-from-south-america-into-north-america.md) | +1.6% | -3.4% |
| CORN | 2021-03-16 | [Weather woes persist for South American row crops - Grain Central](https://feedsoft.ai/events/47964-weather-woes-persist-for-south-american-row-crops-grain-central.md) | +11.3% | +13.1% |
| CORN | 2022-10-22 | [Rains threaten South American wheat \| The Western Producer](https://feedsoft.ai/events/13694-rains-threaten-south-american-wheat-the-western-producer.md) | -1.1% | -1.4% |

## Sources

- farmprogress.com: https://www.farmprogress.com/commentary/weather-hinders-record-south-american-exports

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.